Buying interstate- through online photos only.

Discussion in 'Investment Strategy' started by aussie1, 21st Oct, 2019.

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  1. aussie1

    aussie1 Active Member

    Joined:
    13th Jul, 2017
    Posts:
    39
    Location:
    Brisbane
    Hi all,

    I have been looking to buy in Brisbane for sometime now and wondering how other interstate buyers went about buying their properties without actually touching down and seeing the property in person? We all know how frustrating it can be spending every weekend for 2+ months at inspections and auctions. I know this is a big financial decision but looking for some feedback on how others have gone just using online research/phone calls to purchase. Would you feel comfortable buying if the building inspection went okay and section 32/plans all checked out? We have 4 properties in Melbourne's West so looking to diversify interstate.

    Cheers
     
    aussie1, 21st Oct, 2019
    #1
  2. Marg4000

    Marg4000 Well-Known Member

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    18th Jun, 2015
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    5,670
    Location:
    Qld
    Usually, it is what is NOT shown in photos that makes a difference.

    At a minimum, I would want someone I knew personally and trusted to have a good look at the property and it’s surroundings.
     
    Marg4000, 21st Oct, 2019
    #2
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  3. mikey7

    mikey7 Well-Known Member

    Joined:
    30th Mar, 2016
    Posts:
    1,159
    Location:
    Sydney, Brisbane
    I've done it - wouldn't do it again.

    My next purchase I flew in early morning, hired a car, saw as many properties as possible, flew back late. Worked out really well. Was much happier with this seen purchase.

    I'll be doing this again shortly (flying up for a day).
     
    mikey7, 21st Oct, 2019
    #3
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  4. zyea

    zyea Member

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    4th Oct, 2019
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    Location:
    Melbourne
    Cost of flights and car for the day are a drop in the bucket compared to a bad deal that costs you $1000s
     
    zyea, 21st Oct, 2019
    #4
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  5. My House QLD

    My House QLD Well-Known Member

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    Location:
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    Get a reliable and trustworthy PM to go and look at it for you. The other option is to put it under contract subject to a building and pest inspection, $450 might be cheaper than one trip to Brisbane.
     
    My House QLD, 21st Oct, 2019
    #5
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  6. marmot

    marmot Well-Known Member

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    N.S.W , W.A
    The wife and I made a long weekend out of it , done some other stuff and inspected about 6 properties .It was planned in advance with selling agents, and then back to W.A.
    I would never buy a property without actually inspecting it , or using somone else that I could trust.
     
    marmot, 21st Oct, 2019
    #6
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  7. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    20th Jun, 2015
    Posts:
    1,279
    Location:
    Oz
    Do the ground work or get help from a trusted expert. Or yes spend the money blind but live with the various risks that entails. 3 options. Only 2 of those are good choices in my opinion.
     
    BuyersAgent, 21st Oct, 2019
    #7
  8. Skinman

    Skinman Well-Known Member

    Joined:
    9th Jan, 2018
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    Location:
    Perth
    Agree with @My House QLD above 100%

    Have done it quite a few times now and always worked out in the end. You will know you have a trustworthy PM when they tell you about 10 bad ones before they find a good one.

    If you want the contact details for a very perticular building inspector in Brisbane let me know.
     
    Skinman, 22nd Oct, 2019
    #8
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